DelphX Announces Non-Brokered Unit Private Placement

Group 1 - DelphX Capital Markets Inc. has closed a non-brokered private placement of 5,000,000 units at a subscription price of C$0.05 per unit, resulting in gross proceeds of C$250,000 [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at a price of $0.08 for two years [1] - Insiders subscribed for 200,000 units, qualifying the offering as a "related party transaction" under MI 61-101, but exemptions from formal valuation and minority approval were utilized [2] Group 2 - The offering has been conditionally accepted by the TSX Venture Exchange, with completion subject to customary requirements and final acceptance [3] - The net proceeds from the offering will be used for general corporate purposes [3] Group 3 - DelphX focuses on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [4][6] - CPOs provide secured rating downgrade protection for corporate bonds and cryptocurrency holdings, while CRNs offer capped exposure to rating downgrades and cryptocurrency losses in exchange for attractive returns [6]